Core Insights - The company has been selected as a candidate for the first batch of framework bidding projects for metering equipment by China Southern Power Grid Co., Ltd. for 2025 [1] - The pre-bid amount is approximately 161 million yuan, which accounts for 15.90% of the company's audited revenue for 2024 [1] - This bid win is expected to positively impact the company's operating performance in 2025 and enhance its market share and brand influence in the power industry [1] - The project is currently in the public announcement stage, and the final bid result remains uncertain [1]

Core Viewpoint - The company Youxunda (300514.SZ) has been announced as a candidate for the bid in the Southern Power Grid project, with a pre-bid amount of approximately 161 million yuan [1]. Group 1 - The company is identified as a candidate for the Southern Power Grid's first batch of metering equipment framework bidding project for 2025 [1]. - The pre-bid amount for the project is approximately 161 million yuan [1].

Group 1 - The company Youxunda (SZ 300514, closing price: 13.88 CNY) announced on the evening of September 2 that it has been shortlisted for the first batch of framework bidding projects for metering equipment by China Southern Power Grid Co., Ltd., with a pre-bid amount of approximately 161 million CNY [1] - For the first half of 2025, the company's revenue composition is as follows: 98.97% from the power industry and 1.03% from other businesses [1] - As of the time of reporting, Youxunda's market capitalization is 2.8 billion CNY [1]

Core Viewpoint - The company Youxunda (300514.SZ) has been announced as a candidate for the first batch of framework bidding projects for metering equipment by the Southern Power Grid Company for 2025, with a pre-winning bid amount of approximately 161 million yuan [1] Group 1 - The company is identified as a candidate for a significant bidding project in the metering equipment sector [1] - The pre-winning bid amount of approximately 161 million yuan indicates a substantial potential revenue opportunity for the company [1]

Group 1 - The core point of the article is that Youxunda (300514) has been announced as a candidate for a major tender project by China Southern Power Grid, with a pre-winning bid amount of approximately 161 million yuan [1] Group 2 - The tender project is part of China Southern Power Grid's 2025 metering equipment framework bidding [1] - The announcement was made on September 2, following the publication of the bid results on September 1 [1]

Group 1 - The core point of the article is that Youxunda (300514.SZ) has been shortlisted for a major tender by China Southern Power Grid for metering equipment, with a pre-winning bid amount of approximately RMB 161 million [1] Group 2 - The tender was published on September 1, 2025, under the project number CG2700022002051852 [1] - The announcement indicates a significant opportunity for Youxunda in the energy sector, particularly in the supply of metering devices [1] - This development may enhance Youxunda's market position and revenue potential in the coming years [1]

证券代码：300514 证券简称：友讯达 公告编号：2025-037 深圳友讯达科技股份有限公司 南方电网公司2025年计量设备第一批框架招标项目（招标编号：CG270002 2002051852），由中国南方电网有限责任公司委托南方电网供应链集团有限公司 为招标代理机构，采用公开招标方式进行，已于2025年7月8日在南方电网公司供 应链统一服务平台发布了详细的公开招标信息。 二、项目预中标的主要内容 根据南方电网公司2025年计量设备第一批框架招标项目中标公示显示，公司 本次共中4个包，分别为： | 品类 | 地区 | 标包 | 比例 | 标包金额 （万元） | | --- | --- | --- | --- | --- | | 级单相智能电能表 A | 全网 | 14 | 3.8% | 4762.27427 | | 宽带双模通信模块 | 全网 | 1 | 8% | 5516.90404 | | 智能量测终端（公变 型） | 广东 | 3 | 25% | 3701.95 | 1 | 智能台区终端 | 广东云南 | 4 | 15% | 2075.9625 | | --- | --- | --- | --- | ...

Group 1 - The company's total revenue for the first half of 2025 is 380 million yuan, a year-on-year decrease of 25.34% [1] - The net profit attributable to the parent company is 53.62 million yuan, down 38.25% year-on-year [1] - In Q2, the total revenue is 246 million yuan, a decline of 22.99% year-on-year, with a net profit of 44.82 million yuan, down 21.18% year-on-year [1] Group 2 - The company's accounts receivable is significant, with accounts receivable accounting for 125.56% of the latest annual net profit [1][2] - The gross profit margin is 40.85%, an increase of 2.92% year-on-year, while the net profit margin is 14.13%, a decrease of 17.29% year-on-year [1] - Total selling, administrative, and financial expenses amount to 63.12 million yuan, representing 16.63% of revenue, an increase of 26.97% year-on-year [1] Group 3 - The company's return on invested capital (ROIC) for the previous year was 19.57%, indicating strong capital returns [2] - The historical median ROIC since the company went public is 16.42%, reflecting good investment returns [2] - The company has a history of relatively good financial reports, with the worst ROIC recorded in 2020 at 4.1% [2]

Core Viewpoint - Shenzhen Youxunda Technology Co., Ltd. reported a decline in both revenue and net profit for the first half of 2025, indicating challenges in its business operations [1][2]. Financial Performance - The company achieved operating revenue of 380 million yuan, a year-on-year decrease of 25.34% [1]. - The net profit attributable to shareholders was 53.6165 million yuan, down 38.25% year-on-year [1]. - The net profit after deducting non-recurring gains and losses was 47.5716 million yuan, reflecting a 42.53% decline compared to the previous year [1]. Business Segments - The revenue from the power terminal business segment decreased by 30.89% year-on-year [2]. - The revenue from the electric meter business segment saw a decline of 3.11% year-on-year [2]. - The revenue from the wireless network business segment dropped by 16.34% year-on-year [2]. Project Delivery - The progress of project delivery has slowed down for the company in the first half of the year [2].

Group 1 - The company reported a revenue of 380 million yuan, representing a year-on-year decline of 25.34% [1] - The net profit attributable to shareholders was 53.6165 million yuan, down 38.25% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 47.57 million yuan, a decrease of 42.53% year-on-year [1]